From Bloomberg, September 3:
- Department also sent subpoenas to third parties in case
- Nvidia has built a dominant position in AI computing
The US Justice Department sent subpoenas to Nvidia Corp. and other companies as it seeks evidence that the chipmaker violated antitrust laws, an escalation of its investigation into the dominant AI computing provider.
The DOJ, which had previously delivered questionnaires to companies, is now sending legally binding requests that oblige recipients to provide it with information, according to people familiar with the investigation. That takes the government probe a step closer to launching a formal complaint.
Antitrust officials are concerned that Nvidia is making it harder to switch to other suppliers and penalizes buyers that don’t exclusively use its artificial intelligence chips, according to the people, who asked not to be identified because the discussions are private.
Nvidia shares, which suffered a record-setting rout on Monday, fell further in late trading after Bloomberg reported on the subpoenas. Still, the stock has more than doubled this year — fueled by explosive sales growth at the Santa Clara, California-based chipmaker....
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Related:
June 6
"US Agencies To Probe AI Dominance of Nvidia, Microsoft, and OpenAI" (NVDA; MSFT) plus: the all-purpose turnaround lives!
Hmmm...apparently something Intel doesn't have to worry about, 'AI dominance'. Nor ARM or AMD.
"Nvidia set to face French antitrust charges, sources say" (NVDA)
La perfidie!
I've never seen a response quite like this one, basically "Be not afraid."....
